Bagley, MN is a small town located in Clearwater County, renowned for its strong community spirit and friendly locals. The city has many local businesses including Bagley Foods, Kwik Trip, Holst Automotive, and more. It’s an ideal place to settle down and start a family due to its relatively low cost of living compared to other towns in the area. For example, rent costs are much lower in Bagley than average US prices with a two-bedroom apartment costing around $840 compared to $1,430 nationally. Similarly, grocery costs tend to be lower too with an index of 94 versus 100 in the US. All these factors combined make Bagley a great place to settle down and live comfortably without breaking the bank.
Bagley has an unemployment rate of 8.7%. The US average is 6.0%.
Bagley has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Bagley
- The Sales Tax Rate for Bagley is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Bagley is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bagley
- The average income of a Bagley resident is $19,958 a year. The US average is $28,555 a year.
- The Median household income of a Bagley resident is $44,135 a year. The US average is $69,021 a year.